PRIME HIGHWAY 54 RETAIL INVESTMENT
3332 Villa Point, Owensboro, KY 42303
EXCEPTIONAL INVESTMENT OPPORTUNITY - $3,150,000
EXECUTIVE SUMMARY
Discover a rare investment opportunity in one of Owensboro's most coveted retail corridors. This 20,000 SF multi-tenant retail building sits prominently on 3 acres at the high-traffic intersection of Highway 54 and Fairview Drive, offering investors stable income with tremendous upside potential.
LOCATION ADVANTAGES
?? UNBEATABLE HIGHWAY 54 EXPOSURE
Prime corner location at Highway 54 & Fairview Drive intersection
Exceptional visibility with 400' frontage on Villa Point Drive and 220' on Fairview Drive
High-traffic arterial serving Owensboro's primary retail and commercial district
Surrounded by national retailers including McDonald's and Walgreens as immediate neighbors
?? STRATEGIC POSITIONING
36,000+ daily traffic count on Highway 54
Located in the heart of Owensboro's retail hub
Fairview Drive widening project (2026) will enhance access and visibility
Dense population catchment with strong demographics
Proven retail destination with established traffic patterns
INVESTMENT HIGHLIGHTS
FINANCIAL PERFORMANCE
Asking Price: $3,150,000
Building Size: 20,000 SF on 2.907 acres
Established tenant base providing stable rental income
Value-add opportunity with 2 vacant units ready for immediate leasing
PROPERTY FEATURES
Year Built: 2005 - Modern construction with 20+ years of useful life remaining
Recently improved: Newly sealed and striped parking lot
Multiple tenancy provides income diversification and reduced vacancy risk
Flexible space configuration accommodates restaurants, professional offices, and retail
Drive-thru capability maximizes tenant appeal and rental rates
Ample parking: 60 spaces (3:1000 SF ratio) ensures customer convenience
OPERATIONAL ADVANTAGES
Tenant-controlled HVAC reduces owner maintenance responsibilities
10 exterior loading docks provide operational flexibility for tenants
B-4 Business zoning allows wide range of commercial uses
Professional property management in place through Gulfstream Commercial Services
MARKET OPPORTUNITY
OWENSBORO ECONOMIC STRENGTH
Regional economic hub for Western Kentucky
Stable employment base with diverse industries
Growing population with strong retail spending patterns
Limited new retail development creates supply constraints
HIGHWAY 54 CORRIDOR DOMINANCE
Primary retail and commercial thoroughfare
Continuous traffic flow throughout business hours
Established as Owensboro's premier shopping destination
Surrounded by complementary businesses driving cross-shopping
TENANT MIX & INCOME POTENTIAL
CURRENT OCCUPANCY
Multiple established tenants providing stable cash flow
Diverse tenant mix reduces concentration risk
2 vacant units available for immediate income enhancement
LEASING UPSIDE
Prime spaces ready for restaurants, professional offices, or retail
Drive-thru capability commands premium rents
Strong tenant demand for Highway 54 locations
Professional leasing team actively marketing vacant spaces
KEY FEATURES:
Corner lot positioning for maximum visibility
Drive-thru capability
Individual tenant HVAC control
Multiple exterior loading docks
Restaurant-ready infrastructure
Professional office build-out potential
INVESTMENT THESIS
WHY NOW?
Stable Income Stream: Established tenant base with reliable cash flow
Immediate Upside: 2 vacant units ready for leasing
Prime Location: Irreplaceable Highway 54 frontage
Market Strength: Owensboro's continued economic growth
Professional Management: Turnkey operation with experienced team
IDEAL FOR:
Private Investors seeking stable retail income
REITs expanding Kentucky retail portfolios
1031 Exchange buyers looking for quality replacement property
Local Investors familiar with Owensboro market strength